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Video: Nokia’s outlook

HELSINKI, Finland — Nokia Corp., the world’s largest mobile phone maker, reported double-digit growth in first-quarter revenue and profits on Thursday, and raised its earlier estimate of the global mobile handset market in 2005 to 740 million units.

In the three months ended March 31, net profit jumped 18 percent to 863 million euros ($1.1 billion), or 19 euro cents (25 U.S. cents) a share, from 729 million, euros or 16 euro cents a share, a year earlier. Net sales rose 17 percent to 7.39 billion euros ($9.65 billion) from the same period in 2004.

Chief Executive Jorma Ollila said he was “extremely satisfied” with the company’s performance, adding that global growth in the mobile market in the quarter — at 20 percent — had exceeded company expectations “with Nokia growing at about the same pace.”

Nokia handset sales grew by 11 percent in the quarter, to 4.52 billion euros ($5.9 billion), the Finnish company said.